2 weeks ago
Jubilant Ingrevia to Buy 40% Zettaone Stake for ₹189.2 Crore
Jubilant Ingrevia is a company that mainly makes specialty chemicals.
It plans to buy 40% of Zettaone Technologies India, an electronics engineering and manufacturing company.
The deal will cost ₹189.2 crore and will be paid in cash.
The purchase will happen in two parts, with the first expected by November 2026 and the second by September 2027.
Zettaone designs and builds electronic products for industries such as aerospace, defence, automobiles and medical devices.
Jubilant Ingrevia already makes chemicals used in the semiconductor industry.
It believes Zettaone will help it offer more services across the electronics and semiconductor supply chain.
Zettaone’s CEO said joining the Jubilant Bhartia Group could strengthen its technology business.
Jubilant Ingrevia will acquire a 40% stake in Zettaone Technologies India for ₹189.2 crore.
The all-cash transaction will be completed in two tranches by November 2026 and September 2027.
The deal marks Jubilant Ingrevia’s entry into electronics design and manufacturing services.
Zettaone provides product development, PCB design, prototyping, manufacturing and assembly services across several industries.
Jubilant Ingrevia said the acquisition supports its Pinnacle strategy and expands its semiconductor value-chain offering.
- Who
- Jubilant Ingrevia and Zettaone Technologies India are the companies involved; Jubilant Ingrevia will acquire the stake.
- What
- Jubilant Ingrevia will purchase 40% of Zettaone for ₹189.2 crore in cash.
- Where
- Jubilant Ingrevia is based in Noida, India, while Zettaone is an Indian electronics manufacturing firm.
- When
- The first tranche is expected by November 2026 and the second by September 2027; the share-price data is dated August 19, 2026.
- Why
- Jubilant Ingrevia said the acquisition supports its Pinnacle strategy and will build an integrated presence in the electronics and semiconductor value chain.
Key facts
- Acquirer
- Jubilant Ingrevia
- Target
- Zettaone Technologies India
- Stake
- 40%
- Deal value
- ₹189.2 crore
- Payment
- Cash consideration
- Completion timeline
- Two tranches: first by November 2026 and second by September 2027
- Zettaone FY26 revenue
- ₹98.1 crore, up from ₹51.1 crore in FY24
Quotes
Harikrishnan Gopal
CEO of Zettaone Technologies
“"We are continuously working towards advancing our strategic priorities and this acquisition is another milestone in our Pinnacle journey. The expertise in high-speed and high-power PCB design and manufacturing of Zettaone Technologies will further anchor our growing Electronics/Semiconductor business with an integrated value proposition to our customers."”
financialexpress.com
“"We are happy to be a part of the Jubilant Bhartia Group, and this development will reinforce our position as a trusted technology partner for mission‑critical electronics solutions in aerospace, defence, semiconductor, auto, medical and industrial spaces."”
financialexpress.com
Sources
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